Nigeria: NUPRC Pushes Alternative Dispute Resolution to End Prolonged Oil Sector Litigation

In a bid to release billions of dollars in potential investments that are trapped in prolonged litigation, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) yesterday… Read more »

Nigeria: NUPRC - Newly Approved Oil Field Development Plans to Unlock 1.7bn Barrels, 7.7tcf of Gas

·Projection backed by over $20bn in committed capital, says commission Read more »

Nigeria: Troops Destroy 14 Illegal Oil Refining Sites, Nab 14 Suspects in N'delta

Troops of the 6 Division, Nigeria Army has arrested 14 suspects for alleged involvement in illegal oil refining in the Niger Delta region. Read more »

Nigeria: Renowned Energy Professor, Iledare, Wants Nigeria to Curb Oil Export

Professor Emeritus of Petroleum Economics, Wumi Iledare, has aligned with the recent view by the Chairman of the Organisation of Petroleum Exporting Countries (OPEC) Board of… Read more »

Nigeria: Avuru Laments Regulator's Focus On Decommissioning Oil, Gas Assets Against Prioritising Low Cost Production to Raise Output

·Reveals agency listed one attractive asset with 149 wells for decommissioning Read more »

Nigeria: NNPC Reiterates 2m Bpd Target By 2027, $60bn in Fresh Investment By 2030

The Nigerian National Petroleum Company Limited (NNPC) yesterday reiterated its commitment to a 2 million Barrels Per Day (bpd) oil production by 2027, calling for bold global… Read more »

Nigeria: LCCI Urges FG to Postpone Implementation of 15 Percent Petrol, Diesel Import Tax

The Lagos Chamber of Commerce and Industry (LCCI) has called on the federal government to postpone the implementation of the 15 per cent import tax on petrol and diesel. Read more »

Nigeria: Govt Targets $20 Billion Additional Upstream Oil Investments By 2029

The federal government has announced that it is expecting about $20 billion investments in Nigeria's upstream petroleum industry by 2029 in a bid to boost crude oil and gas… Read more »

Nigeria: Govt Seeks IMF's Support to Strengthen Fiscal Resilience in Oil Sector

The federal government has sought the technical support of the International Monetary Fund (IMF) in designing a transparent and resilient price modulation mechanism to help cushion… Read more »

Nigeria: NNPC Shops for Equity Partners to 'High-Grade' Its Comatose Refineries

· Port Harcourt, Warri, Kaduna facilities will work, says Ojulari Read more »

Nigeria: House in Heated Debate Over Motion to Shield Dangote Refinery, Others From Industrial Unrest

·Probes over $1.8bn grants, $2.8bn received by Nigeria from global fund, USAID Read more »

Nigeria: NNPC Remits Over N10tn to Federation in 8 Months, Records N4.2tn Revenue in August

·Profit declines by N323bn m-o-m Read more »

Nigeria: Report - Nigeria's Oil and Gas Sector to Be Impacted By Persistent Operational Risks, Others in Q4

A new report by the Society of Energy Editors (SEE) has listed persistent operational risks, and the dispute between Dangote Refinery and the Petroleum and Natural Gas Senior Staff… Read more »

Nigeria: FAAC - NUPRC Remitted N6.2tn Revenue in 9 Months Despite Oil Output Fluctuations

*Transfers represent over 11.4% of Nigeria's N55 trillion 2025 budget Read more »

Africa: Deloitte - Despite 60 Percent Share of W'africa's $80bn Oil Market, Nigeria's Cost of Drilling Highest Among Peers

Despite controlling at least 60 per cent of West Africa's $80 billion oil market, Nigeria's cost of drilling per barrel is about 40 to 50 per cent higher than its peers, a report… Read more »

Nigeria: NNPC Rakes in Over N800bn From 30% Management Fee, Frontier Fund in Nine Months

The Nigerian National Petroleum Company Limited (NNPC) has reported a combined N801.3 billion from Management Fees and Frontier Exploration Funds within the first nine months of… Read more »

Nigeria: Amend BPP Act to Strengthen, Institutionalise 'Nigeria First' Policy - Dangote to Govt

The President/Chief Executive of Dangote Group, Alhaji Aliko Dangote, has called on the federal government to back the 'Nigeria First' Policy with a legislation that would… Read more »

Nigeria: Oil Prices Struggle After Crashing to Lowest Since May

Nigeria's oil benchmark, Brent Crude, added just over $1 yesterday, after it settled at $62.73 a barrel, down $2.49, or 3.82 per cent at the weekend, the lowest since May 7 this… Read more »

West Africa: Nigeria's Oil Law Overhaul

Will the 2025 PIA amendment fuel progress or reignite old problems? asks HARUNA INUWA Read more »

Nigeria: Ojulari - Nigeria Lost Over 600,000 Barrels of Oil to Pengassan's 3-Day Strike

·Says 1.68mbpd of crude oil produced in September Read more »

Nigeria: From Ruins to Hope - How Host Community Trust Is Rewriting the Story of Nigeria's Oil Communities

From dilapidated schools and "death trap" hospitals to modern classrooms, health centres, and job-creating enterprises, oil-bearing communities in Rivers State are witnessing a new… Read more »

Nigeria: President Rallies Support for Dangote, Highlights His Contributions to Economy

President Bola Ahmed Tinubu yesterday rallied Nigerians to support and appreciate the contributions of the President of Dangote Group, Alhaji Aliko Dangote, especially given his… Read more »

Nigeria: Strike - Dangote Refinery Lauds Tinubu, Ribadu, Ajayi, Others Over Roles in Settling Dispute

The Dangote Refinery has praised President Bola Tinubu, the National Security Adviser (NSA) Nuhu Ribadu and the Director General of the Department of State Services (DSS),… Read more »

Nigeria: Dantsoho - Abuja's Centrality, Agro-Allied Potentials Strategic to Boosting Non-Oil Revenue

The Managing Director of Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho has said that the centrality of Abuja coupled with its rich agro-allied potentials is germane to… Read more »

Nigeria: Oil Refineries Owners Seek End to Frequent Disruption of Downstream Operations

The Crude Oil Refineries Owners Association of Nigeria (CORAN) yesterday warned that the Nigerian petroleum industry may suffer imminent collapse if steps are not taken to stop the… Read more »